By Jennifer Chiou
New York, April 21 - HSBC USA Inc. priced $1.07 million of 0% return enhanced notes due April 24, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 188% of any gain in the index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | HSBC USA Inc.
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.07 million
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Maturity: | April 24, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 188% of any index gain; exposure to any losses
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Initial level: | 3,155.81
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Pricing date: | April 17
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Settlement date: | April 23
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Underwriter: | HSBC Securities (USA) Inc. with JPMorgan as agent
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Fees: | 2%
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Cusip: | 40432XYQ8
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